Gnox, a decentralized finance project that allows users to earn passive income simply by buying and holding its token, has officially sold out its ICO. Its ICO was met with overwhelming demand, and investors were keen to get their hands on the platform’s native token, GNOX.
The success of the Gnox ICO shows bullish demand like Elrond and Aave. With its strong demand and promising roadmap, Gnox is poised to become a leading digital asset player.
Elrond’s EGLD has increased in value over the past few weeks. Elrond’s EGLD rose about 17% in July. The price of EGLD has increased lately.
Elrond entered the cryptocurrency market to compete with Ethereum. It is a first layer blockchain protocol. Elrond has established itself as the leading smart contracts network for dApps developers by promising a cheaper and faster environment. The Elrond Network uses EGLD as its native token. The Proof-of-Stake (PoS) protocol is used by Elrond. In addition, it allows investors to stake their EGLD tokens.
The open-source DeFi protocol AAVE seems to be a lively activity. The community agreed in July to launch GHO, their own stablecoin. AAVE has now proposed a new idea.
This time, the community has asked their voting and governance community to approve retroactive funding of AAVE Version 3 (V3).
According to the application, the funding will be used to strengthen the Aave ecosystem and develop crucial functions for AAVE V3. According to data from DeFi aggregator DeFillama, the V3 has been performing well recently.
The massive Gnox pre-sale sell-off has attracted interest from investors from around the world. Gnox’s creative approach to integrating the crypto and fiat worlds while demonstrating the benefits and ease-of-use of the DeFi world to the general public has greatly increased enthusiasm for the project.
In exchange for the service, Gnox, one of the first reflective tokens to leverage yield farming, grants $GNOX holders access to a portion of the higher returns Treasury receives from other protocols. Using Gnox to generate passive income is as simple as buying, holding and receiving an automatic income return.
Gnox introduces a low-touch approach to earning within DeFi. The GNOX token is a single investment vehicle that gives investors access to DeFi and the returns available in the sphere.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register
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